Property score
66.6
Good
Overall 66.6 · Smaller and older than most nearby homes
1,038 sqft (bottom 24%) · Built in 1962 (13 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 92.0 · 3-min walk to transit with 5 nearby routes · Within 500m: 10 dining spots, 1 school, 2 healthcare facilitys, and 3 shops nearby
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Below average
13 yrs older than neighborhood avg.
Mother tongue
English · 76%French · 6%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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66.6 is composed by the two sections below.
Property Score
Community Score
Minnetonka
How to read: Share of sales in each ~$50k price band for “minnetonka” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111002
$106K
Median household income
$113K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
17%
Single-person households
34%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
3 Riverbend Avenue — 28 amenities found within 500 m, across 8 categories, including 10 dining (nearest 130 m), 1 education (nearest 385 m), 2 healthcare (nearest 136 m).
Minnetonka · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -87%
vs. prior year
Primary type
Property
75%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 1% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 3 Riverbend Avenue presents a specific value proposition centered on its lot and location. Built in 1962, it is a 1,038 sqft bungalow on a 6,910 sqft lot in Winnipeg's Minnetonka neighbourhood. The data reveals a clear profile: the living space is modest and below the local average, while the lot size is notably larger than the Winnipeg citywide average. Its assessed value is significantly below averages for the street, area, and city, indicating a lower property tax base. It last sold between 200k-250k in 2017.
Key Characteristics & Ideal Buyer
The primary appeal lies in its land-to-building ratio. You are acquiring a larger-than-average city lot with a modest, older home. This suits buyers with a clear vision for the property's potential. The appeal is not in move-in-ready luxury but in opportunity—whether as an affordable entry into the neighbourhood for a hands-on owner, a long-term land play, or a project home for renovation or expansion. It would suit a practical first-time buyer comfortable with updates, an investor looking for a land-value asset, or a downsizer seeking a single-level living arrangement on a private lot without paying for excess interior space. The low assessed value is a double-edged sword: it suggests manageable property taxes, but also that the home is likely dated and requires modernization.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is based on factors like home size, age, condition, and recent sales. This low assessment strongly suggests the home is dated and may require significant updates compared to the average Winnipeg property.
2. Is the larger lot a benefit for future expansion?
Potentially, yes. The lot size is above the city average, providing more outdoor space and possible options for additions, a garage, or landscaping. However, any expansion would require checking local zoning bylaws and obtaining proper permits.
3. How does the living area compare to nearby homes?
At 1,038 sqft, the living space is below the average for both Riverbend Avenue (1,331 sqft) and the wider Minnetonka area (1,439 sqft). Buyers should expect a cozier floor plan typical of its era.
4. What does the 2017 sale price tell us about current value?
The 200k-250k sale price eight years ago is a historical data point. Current market value will be determined by present market conditions, any changes made to the home since then, and how its specific characteristics (lot size, condition) are valued today.
5. Are property taxes here likely to be low?
Based on its significantly below-average assessed value, the municipal property tax portion should be relatively low. However, the total tax bill includes other levies, so prospective buyers should verify the most recent annual tax amount.
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